Jefferies, Evercore ISI Raise Netflix ($NFLX) Price Targets to $700 and $640, Outperform Rating

Netflix ($NFLX) stock is gaining momentum as analysts raise price targets, with Jefferies raising it to $700 from $580. Evercore ISI also increased its price target to $640 from $600, citing an Outperform rating. Technical indicators suggest a potential rise to $620.56. Traders are watching the stock closely for a breakout above $616 or below $593. Despite fluctuations, Netflix remains in a defined range, with potential for a bigger move in either direction.